07 july 2019
Sometimes, I feel our entire exercise of preparing / submitting , the CENTRAL BUDGET , is a waste of time !
It ( the exercise ) , is largely compiling past expenditures ( for 5 years ? ) and then " extrapolating " for the next year !
Tell me , out of the following proposed expenditure for 2019 budget , just presented , how much control Govt has and over which item ?
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# Other Revenue Expenditure ( salaries ? ) ............. 46 %
# Interest Payments .................................. ....................... 24 %
# Pensions ................................................................................ 6 %
# Subsidies .............................................................................. 12 %
# Capital Expenditures ( only item with leeway )...... 12 %
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For ECONOMY 101 , read :
But , Where is the Money ? [ 01 Dec 2017 ]
https://lnkd.in/fmQTeZB
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